Nvidia report was great and guidance was great - they're going to continue to power the market higher as the largest cap stock in the world

Big breakthrough for Nvidia was supply, not demand - US wafer production coming online solved capacity constraints

Defining the AI bubble as overspend concern - companies buying GPUs that can't make economics work

Wouldn't chase Nvidia or AI stocks like Palantir at current levels - prefers higher margin of safety

K-shaped economy widening - stock market going up while consumer confidence falls due to cumulative inflation

Rocking Nvidia and AI theme more important than Fed - AI dominates market cap like railroads in 19th century

AI theme has to work for S&P to go up given its weighting, but Fed rate cut odds improving doesn't hurt